About Second hand E-commerce
Second-hand E-commerce refers to the marketplace where people can buy and sell all types of clothing items at affordable prices over the Internet. It allows consumers to put a used or unwanted product back into the supply chain either by recycling it, renting it, or reselling it. It is a better alternative to recycling. It is a great platform for children's, women's, and men’s fashion. Second-hand E-commerce provides high-street brands and offers them at reasonable prices.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global second-hand E-commerce market is fragmented due to the presence of several players at the global and regional levels. Companies provide a wide range of designer clothing at a reasonable price. Many players investing in new technologies such as AI to improve their services. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The RealReal (United States), Thrift+ (United Kingdom), Loopster Ltd (United Kingdom), House of Vintage (United Kingdom), Depop (United Kingdom), thredUp (United States), Rent the Runway (United States), The Next Closet (Netherlands) and Catawiki (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Second hand E-commerce market by Type (Electronics Products, Beauty &Fashion { Apparel,Footwear,Bags & Accessories,Others}, Household Products and Others), Application (Business to Business (B2B) and Business to Consumer (B2C)) and Region.
On the basis of geography, the market of Second hand E-commerce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Browsing Medium, the sub-segment i.e. Desktop/Laptop (Browser) will boost the Second hand E-commerce market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in Technology Offer Second Hand E-Commerce Apps
Market Growth Drivers:
Increasing Demand for Sustainable Clothing and Rising Need for Alternative to Recycling
Challenges:
Stiff Competition in The Second Hand E-Commerce Market
Restraints:
Lack of Awareness May Restraints Second Hand E-Commerce Market
Opportunities:
Growing Popularity and Adoption Second Hand Designer Clothing Creating Numerous Opportunities for Second Hand E-Commerce Market
Market Leaders and their expansionary development strategies
On February 7, 2023, Shopify, a multinational e-commerce company headquartered in Canada, entered into a partnership with UPS to provide domestic shipping solutions for merchants operating in the country. UPS, a prominent company specializing in shipping and logistics services, joined forces with Shopify to enhance the shipping options available to Canadian merchants.
eBay has recently revealed its intentions to enhance the marketplace experience for consumers by expanding online payment options and implementing advertising initiatives. The company is in the process of updating its online portal to seize revenue opportunities and further improve the overall user experience.
Key Target Audience
Second-hand E-commerce Service Providers, Second-hand E-commerce tools Developer, Research and Development Institutes, Second-hand E-commerce Potential Investors, Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.